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<br /> LOAM NO. 1 5 3 s 2 �5 2 0 2 � ;�::,:'.',:'��.-�--
<br /> �,,,•.,.
<br /> • date ot the monthly payments,which are referred to In Paragraph 2,or chango tho�mount of such paymer�ts. Any p . :-
<br /> �3teumenY sha�l�l be Rald to he ontlty ega�lly entltledltheretonding indebtedness under the Note and thls Sacurity � ,
<br /> C� _ ... -- --
<br /> � ' 8.Foes. Lender may coliect fees and charges authorized by tho Socretary. �
<br /> ` 9.Grouncls for Acceleratlon of Dabt.
<br /> (a�)Default. Lender may,except as Iimited by regulations issued by the Secretary in the case of payment�iefaults,
<br /> • requlre Immedlate pc+yment in fuil of all sums secured by thls Security Instrument If:
<br /> (i)Borrower defaults by fallir�g to pay�n full any monthly payment requlred by thls Security instrun�ent prlor � i�„
<br /> to or on the due date of the next monthly payment,or �`''
<br />- ----=_-_, r!�?a^.i�wa.�afaults by falllnq,for a Por��of thirty days,to�orform any othor obhgatlons contalned In th�s �.� -�- -
<br /> . _ �ecurity Instrumeni. licable Isw and wlth the prfar approval of the .
<br /> (b)Sale Without Credlt Approvsl. Lender shail,If permitted bY�pP ''
<br /> ��� $ecretary,require immodlate payment In full of all the sums secured bythis Security Instrument tf: r `,��
<br /> • (i)All or part ot the Property,or a benoilcial interest in a trust owning all or part of the Property,is sold or `�._
<br /> oiherwise transferrod(other than by dAVise or descent)by the Borrow�r,and , ,�. 'T:-�_
<br /> � (I1�'Phe Property Is not oacupled by tho purcheser or grantee as his or her principal residence,or the
<br /> .:�w,_�.
<br /> purchassr or grantee doos so occupy the Properry but his o�her credit has not been approved in �;-�=L��"`
<br /> accordance with the requUements of the Secretary. '__�-�°.-=
<br /> (c)No WAlver.If clrcumstances accur that would permit Lender to requlre immedla4e payment In full,but Lender !:�_.;
<br /> does no2 requlre such payments,lender does not walve ite rights with respect to subsequent events. � .y`���, ti___
<br /> , (d)R ulatlons of HUD Secretary. In many circumstances regulatione{ssued by the 3ecretary will Ilmlt Lender s ,
<br /> s� � ment dofaults,ta requlre immedlate payment In full and foreclose if notpakl.Thls Security
<br /> rlghts, n the casa of pay coeler�tlon�r toreclosure If not permttted by regulatlona of the 8ocretary. ��,
<br /> InaiFU�ent daes nat authorize a �
<br /> (o)N1ort����Not In�ur�d. Borrower agreos that should thia Security Instrument and the note secur�1 it�ePeby nat v
<br /> � bs eltplbl�tor Insurance under the Natlonal Housing Act withtn s o D A Y S from the d�te hereof, _
<br /> Lender m�y,at Ita optlon and notwithstanding anything in Paragraph 9,requlre Immodlate payment In full ot all
<br /> :..,_.
<br /> �� ' � . sums s�cured by thls Securfty Inatrument.A written statement of any authorized agont of the Secretary datecl . , '
<br /> ,,� subsequent to s o o n r s from the dRte hereof,dec11ning to Insure this Security Instrument end the
<br /> note socure8 thereby,shall be deemed concluslvo proof of such ineli Ibllft ,Notwithstanding the forogoing,thla _
<br /> optlon may not be exerclsed by Lsnder when the unavailabllity of Insurance Is solely due to Lendar's fallure to remit ��
<br /> � e mortgage Insurance premium to the Secretary.
<br /> 10.Relnstatement. Borrower hea a right to be reinstated if Lender has required immediate payment In full because E:_ .
<br /> of Borrower's fallure to pay an amount dua under the Note or thls Security Instrument.7hls right applles even after ='__
<br /> foreclosure proceedings are instltuted.To relnstate the Security Instrumant,Borrower shall tender in a lump sum all �_
<br /> _ � ��,�nta ram,ired to bNna Sorrower's account current Including,to the extent they are obllgatlQYnan�s o�o per�nder -
<br /> . „ thl�Securit y Instrument,foreclasure costa and reasonabie and cuu�o���a�r ai:or�,:f°°���s�-.-- e
<br /> assxlated with tha foreclo9ure proce e d in g.U p o n r e l n s t a t a m e n t b y B o r r o w e r,t h i s S e c ur i ry Instrument and the�
<br /> , � Lender�Is not aequired to permit r nsltate ent If:(q Lender has sccepted re ns a ement a er he commen ement ot - --
<br />-""��� foreclosure prxeedings wtthln two years Immedlately preceding tho commencement of a current foreclosure
<br />;:,; proceedinp, (II)refnstatement wltl preclude foreclosure on different grounds In the future,or(ill)reinstatement will
<br /> sdverseiy affect the prlority of the Ilen created by this Secu�ity Instrument.
<br />~'�,`' "'' 11.Borrower Not Rsleased;Fabearance by Lender Not a Waiver. Extension of the time of payment or
<br /> � ' modlflcattan of amort(zation of the sum3 secureci by this Secur(ty Instrument granted by Lender to any successor in
<br /> 1..'`' Interest of Borrower shall not operate to release the Ilabiftty of the origlnal Borrower or Borrower's successor in Interest.
<br /> +;i „ Lender shall not be requlred to commence proceed(ngs agalnst any successor In Interest or refuse to 6xtend ttme for -
<br /> �:;�-• ��.� payment or otherwise modffy amortizatlon of the sums secured by thls Security I nstrument by reason of any demand
<br />�;';'::.h';";�,;, r made by the origlnal Bonower or Borrower's successors In Interest.Any forbeatance by Lender In exercising any dght �_
<br /> f•--- _ ..� or remedy shall not be n watver of or preclude the exerclse of any rlght or remady.
<br />� -���•. .�
<br />-- ---- -- 12.Suc�ssson�nd As�{gns Bound;Joint�nd Several Liabflity;Co-Slgne�. The covenants and agreements o
<br />='�����.,�� � thls Security Instrumer+t ahall bind and beneflt the successors and assigns of Lender and Borrower,aubJect to the _-
<br /> ;�:::� . �°;,� provlsions of Paragraph 9.b.Borrower's covenants and agreements shall be jolM and several.Any Borrower who _
<br /> -:7.'., �.��:: co-signs thls 5ecurfry Instrumertt but does not execute the Note:(a)Is ao•signing this Securfty tnstrument onty to
<br />='--'��'�'-' ' mortgage,grant and corney that Borrower's interest In the Property under the terms of this 3ecurity Instrument;(b) Is _
<br /> -' �rs.h,;:-,
<br /> :,;,;�br�ti .. not personaUy obilgated to pay the sums secured by thls�ecurity Instrumont;and(c)ayreea that Lender and any other ----
<br /> . ..:� Borrower may agree to exQend,modify,forbear or make any accommodatlons with regard to the terms of th�s Security
<br /> a`���.. .
<br /> y'�„,_:r,�, Instrument or the Note wfth�ut that Borrower's consent. _ _
<br /> "--'``�%��^"'� 13.Nottcea. Any nottce to Borrower provlded for In cFds Security Instrument shall be glven by delivering it or by __
<br /> ���,=:��- mafling i4 by first class mall unless eppltcable taw requtres use of another method.7he nottce shall be dlrected to the `____ --
<br />_°�� :,,,;.;k;,_ Property Address or any other address Borrower destgnates by notice to Londer.Any notice to Lender shall be glven _ _
<br />_-- � ",-�=� by Nrst cl is�`��his S ciu�rf �Inst ument sha�ll be deemed to hav e been glven t gBo rower or Lender when given as notice _ —v-^�-
<br /> _ ._ . . pro Ided tY
<br />_. - provided In thls paragraph. __ -----
<br /> � �� w4.Goveminp Law;Severablltty. This Securiry Instrument shall be governed by Federal law and the law of the _�::-v=
<br />, �� �urtsdlctlon in whtch the Property Is located,In the ovent that any provislon or clause of thfs 5ecuriry Instrument or the ;��==�
<br /> Nate coniflcts wlth appllcable law,such confllct ehap nct aHect other provislons of this Secur(ty Insttument or the Note _,���x���_T
<br /> ' : whlch can be given eHeci wfthout the confltcting ptovision.To this end the provtsfons of this Securlty Instrument and the ':;�:_.,,��.-
<br />- • Nute are doclared to bo severable. °��M1�ri��:-:
<br /> " 16.Borrowar'�Copy. Borrower shall be glvon one conformed copf of this Securlty Instrument. :w„�,�„"'_,
<br /> � 18.Assl�nmeM of Rsnts. Borrower s�nconditlonally c�sslgns and trensfers to Lender all the rents and revenues of . ;,�°��„�.:;���.
<br /> - - the Property.Borrower authorizes lender or Lender's agents to coliect the rents snd revenues and hereby dlrecta each �,'��,--..--
<br /> ' tenant of the Propdrty to pay the rents to Lender or Lender's agents.However, prior to Lender's notice to 8orrower of
<br /> ��•`_�•�:.�;'i�
<br /> � a�rr�w�a braach nf anv covenant or a�ireement In the Security Instrument,Borrower shall collect and recetve all ronts . . �
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<br /> ` and revenuos of tho Property as trustee tor the bonefit ot�enaer ana norrower. �nt�aoaiynn�o�...+�..............----.---•- --=__ ----_
<br /> absolute asstgnment and not an asstgnment for additlonal security only.
<br /> -- If Lender glves notice of breach to Borrower:(a)all rents received by Borcower shail be held by Borrower as tntstee ,
<br /> for benefit of Lender on1y,to be appltad to the sums secured by tha Securfty Instrument; (b)Lender shall be entftied to ,
<br /> collect and recelva ail of the rents of the Property;and(c)each tenant of the Property shall�ay all rents due and unpald
<br /> ta Lender or Lender's agent on Lender's written demand to the tenant.
<br /> Borrower has not executed any prlor assignment of the rents and has not end will not perform any act that would '
<br /> prevent Lender from exercising Its r(ghts under thls Paragraph 16. ,
<br /> Lender shall not be requlred to enter upon,take control of or malntaln the Property before or after glving notice ot ��
<br /> breach to Borrower. However,Lender or a Judiclalty appolnted receiver may do so at any tlme there Is a breach.Any
<br /> applicatlon of rento shall not curo or waivo any default or invalidate any other riyht or remedy of Lender.Thls
<br /> ' asslgnment of rents of the Property shall terminate when the debt secured by the�ecurity Instrument fs paid(n full. s/ss
<br /> FHA FIEBRASKA DEED OF 7RUST
<br />-� ISC/FMDTNE//OG91/(6-95)-L PA(iH 3 OF 4 ! „
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